Section 32(3) of the Bank of Mauritius Act 2004 stipulates that the Bank shall, not later than 4 months after the close of its financial year, prepare and submit to the Minister a copy of the annual accounts certified by the auditors together with a report on its operations during that year. The Bank of Mauritius publishes its Annual Report for the year ended June. As from June 2011, the Annual Report of the Bank also covers developments in the area of Banking Supervision and Regulation. These were previously reported in a separate publication, namely, the Annual Report on Banking Supervision.
The Bank is required to publish at least twice a year, a statement on price stability and a statement on the stability and soundness of the financial system, under Section 33(2)(b) of the Bank of Mauritius Act 2004. Accordingly, the Monetary Policy and Financial Stability Report, which duly includes statements on price stability and financial stability, provides a review of the Bank’s monetary policy and domestic macro-financial developments, with a focus on risks to the stability of the domestic financial system, amongst others. This Report replaces the bi-annual Inflation Report and Financial Stability Report and will be published annually.
The Bank of Mauritius Act 2004 empowers the Bank to collect, compile and disseminate statistics. Section 5(1) (d) of the Bank of Mauritius Act 2004 states that the Bank “shall collect, compile, disseminate, on a timely basis, monetary and related financial statistics” with a view to achieve the attainment of its objectives. The Bank of Mauritius compiles monetary statistics based on the Depository Corporation Survey (DCS) framework laid down in the IMF’s Monetary and Financial Statistics Manual (MFSM) 2000 and MFS Compilation Guide (MFSCG) 2008 since June 2003.
According to section 51A (1) of the Bank of Mauritius Act 2004, the Bank of Mauritius “shall be responsible for the preparation of the balance of payments accounts and the external assets and liabilities position of Mauritius”. The Balance of payments covers all transactions between a country's residents and non-residents involving exports and imports of goods and services, income flows; financial flows relating to claims on and liabilities to non-residents; and unilateral transfers such as gifts. In line with SDDS requirements, balance of payments statistics are disseminated on a quarterly basis no later than one quarter after the end of the reference period. The balance of payments statistics are compiled in line with IMF Balance of Payments Manual.
Mauritius graduated to SDDS of the IMF on 28 February 2012. The SDDS is an initiative of the IMF and comprises a set of data dissemination standards that compliant member countries have to strictly adhere to. The standards include prescribed data coverage, periodicity, timeliness, integrity and quality dimensions that compliant member countries have to meet.